Collateral Maintenance Requirement. (A) The Obligors shall at all times maintain Qualifying Collateral which has a Lendable Collateral Value that is at least equal to the Collateral Maintenance Level. At any time the Obligors fail to maintain such Qualifying Collateral, as reasonably determined by the Bank, in addition to any other remedies of the Bank under this Agreement, the Obligors agree to assign, transfer and pledge, and grant to the Bank a security interest in, such additional amounts of Collateral as may be deemed necessary by the Bank for its protection in accordance with Section 10(d) of the Act.
Appears in 4 contracts
Samples: Advances and Security Agreement (Bankunited Financial Corp), Advances and Security Agreement (Federal Home Loan Bank of Atlanta), Advances and Security Agreement (Bankunited Financial Corp)
Collateral Maintenance Requirement. (A) The Obligors shall at all times maintain Qualifying Collateral which has a Lendable Collateral Value that is at least equal to the Collateral Maintenance Level. At any time the Obligors fail to maintain such Qualifying Collateral, as reasonably determined by the Bank, in addition to any other remedies of the Bank under this Agreement, the Obligors agree to assign, transfer and pledge, and grant to the Bank a security interest in, such additional amounts alliounts of Collateral as may be deemed necessary by the Bank for its protection in accordance with Section 10(d) of the Act.
Appears in 1 contract
Samples: Advances and Security Agreement (EverBank Financial Corp)
